Paris, France - Despite political upheavals, stock markets and bitcoin smashed records in 2024, fuelled by investor enthusiasm for Artificial Intelligence (AI), falling interest rates, and hopes of tax cuts. Here are four of the most remarkable aspects of 2024 for financial markets: Stock records fall like dominoes Wall Street's three main...
Michelin posts record operating profits
Sales at the French firm dipped last year to US$30.5bn.
WEF24: Managing risks crucial amid AI advancements
AI can revolutionize work and productivity, but balanced regulation is crucial to prevent misuse, Stephen Pagliuca of Bain Capital tells TRENDS at Davos 2024.SWFC to boost Canada-UAE investment partnership
The SWFC will help identify opportunities for strategic capital collaboration and thought leadership between Canadian Public Pension Funds (PPFs) and UAE Sovereign Wealth Funds in global markets. It is set to offer an investment collaboration framework with a more dynamic and flexible structure, he adds.
Nokia Q3 profit at $419m
The Finnish company reports net sales of $6billion.
Ericsson Q3 profit at $480m
Firm is making 'pricing adjustments' as inflation soars.Biden says US will contribute half of 60 mn emergency oil barrel release
The United States will contribute half of the 60 million barrels of oil International Energy Agency (IEA) countries agreed to release Tuesday to stabilize global markets after Russia's invasion of Ukraine, President Joe Biden said. "I can announce the United States has worked with 30 other countries to release 60...Asian markets mixed with focus on inflation, Biden-Xi summit
Global markets have enjoyed about 18 months of healthy gains with many hitting record or multi-year highs .
